MGIC director corrects RSU grant in Form 4/A
MGIC Investment Corp director amends prior insider filing to correct a restricted stock unit grant.
Rhea-AI Filing Summary
MGIC Investment Corp director amends prior insider filing to correct a restricted stock unit grant. The director reports acquiring 5,075.188 RSUs on February 4, 2026 under MGIC’s Omnibus Incentive Plan, with no cash paid for the award, and now directly holds 35,030.0511 shares of common stock.
The filing explains that the originally reported RSU amount was overstated by 1.909 units due to an administrative error, and this amendment updates the figure. The RSUs are scheduled to settle in stock ten business days after February 1, 2027, unless the director previously elected a later distribution date.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,075.188 | $0.00 | $0.00 |
| holding | Share Units | -- | -- | -- |
Footnotes (7)
- F1. These Restricted Stock Units (RSUs) will be settled in stock ten business days after February 1, 2027, unless a qualified election for a later distribution was made by the reporting person.
- F2. Due to administrative error, the number of share units reported as acquired on February 4, 2026 was overstated by 1.909 shares. This amended Form 4 is being filed to correct the previously reported number.
- F3. These RSUs were awarded to the reporting person pursuant to the Issuer's Omnibus Incentive Plan and no price was paid by the reporting person for them.
- F4. The reporting person participates in the MGIC Investment Corporation Deferred Compensation Plan for Non-Employee Directors under which units corresponding to shares of Common Stock of the Issuer ("Share Units") are awarded to the reporting person and/or acquired through compensation deferral.
- F5. These Share Units do not have a specified dollar-denominated exercise or conversion price. Their value is based, on a one-for-one basis, on the price of the Issuer's common stock on the New York Stock Exchange.
- F6. These Share Units are settled in cash, on a specified date, unless a qualified election for later distribution is made by the reporting person.
- F7. These Share Units do not expire on a fixed date. They are settled in cash on a specified date, unless a qualified election for later distribution is made by the reporting person.
FAQ
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What insider transaction did MGIC Investment Corp (MTG) disclose in this Form 4/A?
Why was this MGIC Investment Corp (MTG) Form 4/A filed as an amendment?
When will the MGIC (MTG) director’s restricted stock units from this filing be settled?
Did the MGIC (MTG) director pay a price for the RSUs reported in this filing?
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